globalpipe  by KWD

Wavin, Europe’s leading supplier of plastic pipe systems and solutions, announces that it will seek shareholder approval on Friday 3 July 2009 for a comprehensive recapitalisation package to strengthen its capital structure. The package includes:

• Fully underwritten EUR 225 million rights issue of ordinary shares
• Agreement on EUR 500 million amended and restated credit facility and EUR 475 million forward start facility. Extension of maturity until April 2013
• A number of the largest shareholders have committed to participate in the rights issue (weiterlesen…)

Russian oil and gas giant Lukoil Group has revealed long-term plans to construct a major $5bn petrochemicals complex, including polyolefin resin production in Russia’s Stavropol region. The project, scheduled to be launched later this year, is designed to include a 600,000 tpa polypropylene production unit as well as a gas processing plant and a power generation unit providing electricity for the complex. (weiterlesen…)

The number of newly built single-family homes on the market shrank to 297,000 units in April, thinning supplies to their lowest level since May 2001, according to government figures released today. The report noted that the pace of new-home sales held virtually even with the previous month, at a seasonally adjusted annual rate of 352,000 units.
“The fact that the new-homes inventory is now below the 300,000 mark shows that builders have made substantial progress in winnowing down their backlogs to a much more comfortable level,” noted Joe Robson, chairman of the National Association of Home Builders (NAHB) and a home builder from Tulsa, Okla. April’s results mark two consecutive years of monthly declines in the number of unsold new homes. (weiterlesen…)

Dear Customers and Friends,

Winfried Hamich, aged 70, died peacefully on 5th June 2009. He took an active interest in the developments inside the Heating&Plumbing Industry right up to a few days before he died of a brief but serious illness. His last work was writing the comment for the KWD archive, the last big project he had launched, and he was happy to live until he could witness its completion.

We want to thank all of you for the compassion and sympathy which you have extended to Winfried and to us during his last few weeks.

KWD Publishing House will be continued by Winfried’s children under the guidance of his daughter Jutta Hix née Hamich.

The funeral will be held at  Darmstadt, Waldfriedhof Cemetery on Tuesday 16th June at 1.00 p.m.

For KWD Publishing House and for the family
Jutta Hix, née Hamich

Global polyolefins leader LyondellBasell Industries will demonstrate its continued commitment to innovation by presenting 10 papers featuring new polyolefin products and technologies at this year’s NPE – The International Plastics Showcase, which will be held June 22-26 at Chicago’s McCormick Place. A triennial tradeshow sponsored by The Society of the Plastics Industry (SPI), NPE2009 is expected to attract 75,000 attendees from around the world. To attend the sessions, visit www.npe.org/attendee/educate/session-search.asp.

Augmenting the fair’s relevance in these tough economic times, more than 200 exhibitors from over 10 countries and regions including China, Hong Kong, Germany, Israel, Italy, Korea, Russia, Singapore, Taiwan and the US have thus far signed up to participate in the third edition of Asiamold.  Many of these exhibitors will be showcasing their latest innovations under the pavilions being mounted by Guangzhou, Hong Kong, Shenzhen, Singapore, Taiwan and Taizhou. In addition, the Euromold pavilion will also include exhibitors from its Frankfurt exhibition.

source: www.messefrankfurt.com

As builders and remodelers retool their businesses in a tight credit market and recapture the interest of jittery consumers, this spring is the greenest yet for the nation’s home building industry, according to the National Association of Home Builders (NAHB). “We’ve said for a while that green building is a bright spot in a down market,” said NAHB Chairman Joe Robson, a home builder and developer in Tulsa, Okla. “However, the growth of the NAHB National Green Building Program exceeds even our most optimistic expectations.” (weiterlesen…)